NOT LISTED FOR SALE

7421 114th St E Unit A & B Puyallup, WA 98373

Estimated Value: $687,065 - $830,000

6 Beds
3 Baths
2,942 Sq Ft
$264/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $640,000 $218 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,912/month

8 Days on Market

Highlights

  • 0.46 Acre Lot
  • Territorial View
  • Wall to Wall Carpet
  • Deck
  • Partially Fenced Property

About This Home

As of February 2021

Spacious and professionally managed duplex on a quiet dead end street. Highly desirable Puyallup location; easy freeway access, close to shopping, & Puyallup schools. Strong rental history with great tenants. Rents are under market value leaving room for upward growth. Pride of ownership on display with well maintained exterior. Large level lot and private back yard. Each unit has 1 car garage, 2 bedrooms upstairs w/ full bath and another bedroom, 3/4 bath with a large family room downstairs. Gas forced air furnaces with wood fireplace in each unit. Separate meters & tenants pay all the utilities. Don't miss this opportunity for a low maintenance investment!

Last Agent to Sell the Property

Kris Gallagher

Better Properties Real Estate License #20110022 Listed on: 01/18/2021

Better Properties Real Estate

Last Buyer's Agent

Roger Singh

Skyline Properties, Inc. License #134743

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1718521

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,072

Year Built

  • Built in 1992

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,942 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • South Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0419086014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,072

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1992
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2942
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 288

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Septic System, Natural Gas Connected, Wood
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Fruitland
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 0419086014
  • Lot Size Acres: 0.46
  • Lot Size Sq Ft: 20037
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Pierce County Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 3275

Multi Family

  • Gross Scheduled Income: 39300
  • Net Operating Income: 33321
  • Number Of Units Total: 2
  • Insurance Expense: 907
  • Leasable Area: 2942
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5072

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Feb 24, 2021
Sold by
Sandhu Kamaljit and Samra Iqbal Singh
Bought by
Samra Iqbal Singh
Seller's Agent
Kris Gallagher
Better Properties Real Estate
Buyer's Agent
Roger Singh
Skyline Properties, Inc.
List Price
$625,000
Sold Price
$640,000
Premium/Discount to List
$15,000
2.4%
Total Days on Market
8
Current Estimated Value
$776,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,266
Avg. Annual Appreciation
4.62%
Original Mortgage
$542,000
Outstanding Balance
$491,353
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$285,616

Purchase Details

Listed on
Jan 18, 2021
Closed on
Feb 19, 2021
Sold by
Fors David N and Fors Sharon R
Bought by
Samra Iqbal Singh
Seller's Agent
Kris Gallagher
Better Properties Real Estate
Buyer's Agent
Roger Singh
Skyline Properties, Inc.
List Price
$625,000
Sold Price
$640,000
Premium/Discount to List
$15,000
2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,000
Outstanding Balance
$491,353
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$285,616

Purchase Details

Closed on
Jul 2, 2001
Sold by
Racca Gary J
Bought by
Fors David N and Fors Sharon R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Samra Iqbal Singh -- Wfg Natl Ttl Co Of Wa Llc
Samra Iqbal Singh $640,000 Wfg Natl Ttl Co Of Wa Llc
Fors David N $200,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samra Iqbal Singh $542,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $640,000 +2.4% $218 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $625,000 -- $212 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,853 $665,200 $214,200 $451,000
2023 $6,853 $655,000 $219,900 $435,100
2022 $6,306 $634,400 $212,800 $421,600
2021 $5,617 $432,400 $138,700 $293,700
2019 $4,899 $391,100 $121,400 $269,700
2018 $5,007 $374,900 $117,900 $257,000
2017 $4,402 $342,800 $99,900 $242,900
2016 $3,820 $273,900 $81,100 $192,800
2014 $3,631 $234,400 $67,200 $167,200
2013 $3,631 $216,000 $61,900 $154,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1718521

Northwest Multiple Listing Service (NWMLS)

APN: 041908-6014